Better Luck Next Time! Hillary reportedly now eyeing being in charge of the World Bank? PE was On to Something: Short bets against retail vanish “Get with the Program”: Incoming NYT boss Jill Abramson begins tweeting Depends on Who You Ask: Google either has bought, or wants to buy, Admeld
Lower-middle market buyout shop Huntington Capital—investing out of its Huntington Capital Fund II fund—has backed Vertical Management Systems Inc. and its subsidiary Retirement Revolution. Terms of the deal were not released. Pasadena, Calif.-based Vertical Management designs, constructs and hosts accounting and process and control software tools for the enterprise. Huntington is based in San Diego.
The Robert Allen Group, a New York-based maker of decorative fabrics, has taken an investment from Altamont Capital Partners. Specifics of the transaction were not publicized Stifel Nicolaus Weisel served as Robert Allen’s financial advisor on the transaction.
On Tuesday, New York-based Barron Partners, a cleantech-focused private equity firm, acquired solar installer and energy project developer Choice Solar of Nashville, Tenn. Terms of the deal were not disclosed. PRESS RELEASE: Barron Partners closed an investment in Choice Solar, a leading southeast solar installer and energy project developer. The Nashville, TN, company primarily provides […]
Pioneer Point Partners, a London-based lower middle market private equity firm focused on opportunities in Europe, has announced two new investments and three new hires. The company’s new investments include Masotina Spa, a northern Italian waste and paper recycling company, and Peak Gen Power, which builds, owns, and operates peaking power plants in the UK. Terms […]
Danish group ISS will sell its German damage control unit Vatro to Swedish private equity investment firm Polygon, Reuters reported Thursday. Terms were not given. ISS is owned by Swedish buyout shop EQT and Goldman Sachs Capital Partners. Vatro's services include flood and fire control mainly for corporate clients, Reuters wrote.
Samsonite International, which is backed by private-equity firm CVC Capital Partners, has set a new price range of HK$14.50 to HK$15.50 per share for its IPO from HK$13.5 to HK$17.5 previously, Reuters reported. Samsonite plans to sell 671 million shares, putting its IPO size as high as HK$10.4 billion ($1.3 billion), compared with up to HK$11.7 billion ($1.5 billion) before. Goldman Sachs Group Inc., HSBC Holdings Plc and Morgan Stanley are managing the offering.
Private equity investor EQT Infrastructure has acquired a majority stake in Argos Terminals, the storage and terminal business of BeNeLux-based oil company Argos Group. Financial terms of the deal were not disclosed, though the company said Argos Group would retain a minority stake. The deal is expected to close in July.
Visa will pay $110 million to buy mobile financial services tech company Fundamo. Fundamo’s technology provides mobile financial services to unbanked and under-banked consumers. The company is based in Cape Town, South Africa, and is backed by investors including Sanlam, Remgro Limited and HBD Venture Capital. The deal is expected to close by September.
U.S. Renal Care, which is backed by several sponsors including Cressey & Co., failed to find a buyer earlier this year and is now paying a dividend to its shareholders, four sources say. Plano, Texas-based U.S. Renal Care, which provides outpatient dialysis services, was up for sale during the spring, three people say. U.S. Renal was looking to sell for multiples that were “pretty lofty,” one source says. The company was looking for bids in the 8-9x range and the market was offering 6-7x, the source says. One banker says U.S. Renal received lots of offers but decided to pass.